Creative Space with Recording
New
For Sale
Contact for pricing
5100 Melrose Ave, Los Angeles, CA 90004
Three recording studios are complemented by artist lounges and private courtyards.
Property Size46,958 SF
Lot Size1.08 Acres
Price / SF$319.43
Days on Market4
Property Features for 5100 Melrose Ave
General Information
Standard status
Active
Size
46,958 SF
Lot size
1.08 Acres
Property subtype
LAND
Site & Location
Neighborhood
Larchmont
Amenities
recording studios
gates compound
tropical landscaping
artist lounges
private courtyards
Listing Agency:
CBRE - Downtown Los Angeles
(213) 613-3333
Listed By:
Nicole Mihalka · License #01322414
(323) 788-3969
Source:
Moodyscre
Added: Oct 22
Changed: Oct 24
Last Checked: Oct 24 at 3:18PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of CBRE - Downtown Los Angeles
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
At 5100 Melrose Ave in Los Angeles, this creative property brings together three recording studios, artist lounges, and private courtyards. Tropical landscaping extends across the grounds, creating outdoor areas alongside the studio and lounge spaces.
Key Highlights
- Three recording studios
- Artist lounges and private courtyards
- Tropical landscaping across the grounds
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$1,114,606
Cap Rate
7.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$22,292,120
$22.3M
Cap Rate 7%
$15,922,943
$15.9M
Cap Rate 9%
$12,384,511
$12.4M
Market Conditions
NOI Build-Up for 46,958 SF
Gross rent
$1.83M $38.88/SF
− Vacancy
−$339.6K −$7.23/SF
EGI
$1.49M $31.65/SF
− OpEx
−$371.5K −$7.91/SF
NOI
$1.11M $23.74/SF
Area
Los Angeles, CA
Vacancy
18.60%
Lease Rate
$38.88 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$22,292,120
Cap Rate 7%
$15,922,943
Cap Rate 9%
$12,384,511
Alternative Uses
Best Use
Office B
$15.92M
$13.93M – $18.58M
NOI $1,114,606 @ 7.0% cap · market cap 7.43%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$951.34M
$832.42M – $1,109.90M
NOI $66,593,862 @ 7.0% cap · market cap 443.96%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
2,655
Businesses Nearby
Explore this area
Business Placement
Demographics for 90004, CA
58,585
Population
26,046
Households
2.2
Avg Household Size
37
Median Age
40%
College-Educated
78%
High-School Grad
3.1 sq mi
ZIP Area
18,898
Density / Sq Mi
$62,655
Median Household Income
$39,359
Median Earnings
$1,752
Median Rent
$1,457,200
Median Home Value
Market
Vacancy Rate% for Office in West region
Frequently Asked Questions
What type of property is this?
Creative space - Three recording studios are complemented by artist lounges and private courtyards.
Where is this creative space located?
The property is located at 5100 Melrose Ave Los Angeles, CA.
What is the asking price?
The asking price for this property is $15,000,000.
What are key features of this property?
This property features: Three recording studios; Artist lounges and private courtyards; Tropical landscaping across the grounds
